Let us look at how organisations manage projects at the organisational level. We start with a list of your projects and the term often used for this is the Project Portfolio. This is actually a term to describe a list of combined or grouped projects. How you combine or amass the projects is of course up to you and the organisation. However, although you may elect to summarise your projects by department or by costs by delivery date or delivery quarter, we are looking at the whole organisation and we will therefore consider all your projects. As we are concerned with focusing on the budgetary elements of your organisations project we will look at the projects funded and addressed in a financial year. We see more of this later.

By using the term all projects, we refer to all projects that have been planned and have not yet been planned, all projects that are underway and are not yet underway as well as all change requests that have been approved and are now officially called projects. So, we want to consider all of them and how they are managed.